A __________________ is a bond that stipulates that coupon payments will be made in one specified currency and that the principal repayment will be made in another specified currency.

Question

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A dual-currency bond is a bond where the coupon payments are made in one currency and the principal repayment is made in another currency. This allows investors to diversify their currency exposure and potentially benefit from favorable exchange rate movements.

A __________________ Is a Bond That Stipulates That Coupon Payments